Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage

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John Wiley & Sons, 15 apr. 2005 - 256 pagini
A complete guide to leveraging the power of Sarbanes-Oxley--specifically for nonprofits

The first book to discuss the implications of Sarbanes-Oxley legislation as it relates to nonprofit organizations, Sarbanes-Oxley for Nonprofits is an essential guide for all nonprofit executives and boards who want to know how the new legislation can enhance their organization's mission.

By establishing a "platinum standard" of operations and governance within nonprofit organizations, executives and board members will be better equipped to attract high-quality staff and board members, as well as the attention of donors and other potential funding sources. Sarbanes-Oxley for Nonprofits presents the best practices that have emerged from the Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley) in a manner that explains their source and value to the nonprofit organization.

Written for both small and large nonprofits, Sarbanes-Oxley for Nonprofits includes:

* Practices intended to establish a "platinum standard" of operations and governance within the nonprofit
* Coverage of audits, financial statements, board activities and decision making, how to teach board members to read and interpret financial statements, conflicts of interest, whistle-blower protection, and how to leverage these standards to gain a competitive advantage
* Sarbanes-Oxley best practices and the organizational culture
* Sample documents, forms, and checklists to introduce these best practices into any nonprofit organization
* And much more!

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Cuprins

Chapter 1 Overview of the Legislation and Its Implications for Nonprofits
1
Chapter 2 Safeguarding Your Nonprofits Financial Resources and Assets Establishing Auditor Independence and Audit Committee Competence
27
Chapter 3 Reading and Interpreting Financial Statements
39
Chapter 4 Form 990 Unnecessary Paperwork or a Useful Tool?
67
Chapter 5 SOX Sections VIII and XI Document Retention and Whistleblower Protection Obligations
75
Chapter 6 Raising the Bar of Accountability SOX Best Practices and the Board
85
Chapter 7 SOX Best Practices and Organizational Culture Changing the Environment
103
Chapter 8 A Platinum Operating Standard Starts with Good Bones
123
Appendix C Document Retention and Storage Protocols
191
Appendix D Audit Committee Procedures and Protocols
195
Appendix E Conflict of Interest Policy
197
Appendix F Code of Ethics for Board and Senior Management
201
Appendix G Board of Directors Governance Profile and Performance Expectations
203
Appendix H Board Orientation Session
207
Appendix I Review of Internal Controls Report and Recommendations
211
Appendix J Risk Management Plan
213

Chapter 9 Creating a Competitive Advantage Leveraging SOX Best Practices
137
Chapter 10 SOX Best Practices for Small Nonprofits
155
Appendices Best Practices Checklists Worksheets and Sample Documents
165
Appendix A Working Through the Four Basic Financial Statements
167
Appendix B Whistleblower Protection Policy
189
Appendix K Business Continuity Plan
219
Appendix L Bibliography
225
Index
229
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Despre autor (2005)

PEGGY M. JACKSON, DPA, CPCU, is a consultant and nationally recognized lecturer in risk management, business continuity planning, and Sarbanes-Oxley compliance for nonprofits. Dr. Jackson has coauthored five books on risk management in nonprofit organizations: Managing Risk in Nonprofit Organizations (Wiley); Mission Accomplished: A Practical Guide to Risk Management for Nonprofits; Mission Accomplished: The Workbook; No Surprises: Harmonizing Risk & Reward in Volunteer Management; and Risk Management for School Principals: A Workbook. She is a partner with Fogarty, Jackson & Associates and a principal with Adjunct LLC in San Francisco, California.

TONI E. FOGARTY, PhD, MPH, is an assistant professor in the Department of Public Affairs and Administration at California State University, East Bay. She serves as the graduate coordinator for the Master of Science in Health Care Administration program, and teaches courses in healthcare management, organizational change and development, healthcare finance and budgeting, research methods, and the legal and ethical aspects of healthcare. She is a founding partner and CFO of Fogarty, Jackson & Associates, a consulting group that provides consulting services in the areas of risk management, business continuity planning, injury and illness prevention programs, and distance education and training. She has been published in several professional and academic journals and has made a number of presentations at national and international conferences. In addition, she coauthored the textbook Managing Risk in Nonprofit Organizations (Wiley).

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